The global chemical company OQ Chemicals has sold its Dutch esters plant in Amsterdam, The Netherlands, to Perstorp Group as part of a strategic realignment to optimize operational efficiency and drive growth in core business areas. OQ Chemicals reports that the company will continue to serve and further grow its functional fluids, lubricants, and cosmetic […]
PPG has completed the sale of its silicas products business for approximately $310 million in pre-tax proceeds to QEMETICA, which is a Warsaw, Poland-based, privately held manufacturer of soda ash, silicates, and other specialty chemicals. PPG’s silicas products business manufactures and supplies precipitated silica products to companies around the world as performance-enhancing additives. The company […]
PPG announced that it has reached a definitive agreement to sell 100% of its architectural coatings business in the United States and Canada at a transaction value of $550 million to American Industrial Partners (AIP), an industrials investor. The company also announced additional cost reduction actions that it expects to result in approximately 1,800 positions. […]
Hexion completed the sale of its PVA & EPI Emulsions business and Portland, Oregon, manufacturing plant to Franklin International, a privately held manufacturer of adhesives, sealants and polymers. The transaction includes the sale of Hexion’s Portland, Oregon, manufacturing facility as well as customer relationships, associated inventories, and transition of employees to Franklin International’s team. Michael […]
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